Lemonade Inc reports results for the quarter ended in September - Earnings Summary

LEMONADE

02/11/2023 18:19

* Lemonade Inc  LMND.N  reported a quarterly adjusted loss
of 88
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $-1.37.  The mean expectation of ten analysts for the quarter
was for a loss of 94 cents per share. Wall Street expected
results to range from -99 cents to -87 cents per share.
    * Revenue rose 54.7% to $114.50 million from a year ago;
analysts
expected $104.46 million. 
    * Lemonade Inc's reported EPS for the quarter was a loss
of 88
cents​.
    * The company reported a quarterly loss of $61.5 million.
    * Lemonade Inc shares had fallen by 5.3% this quarter and
lost 19.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for Lemonade Inc is
$17.00 
This summary was machine generated from LSEG data November 2 at
06:18 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.94          -0.88          Beat
 Jun. 30 2023      -1.03          -0.97          Beat
 Mar. 31 2023      -1.13          -0.95          Beat
 Dec. 31 2022      -1.20          -0.93          Beat